La trappe à liquidité globale

Olivier Jeanne

Revue économique, 2010, vol. 61, issue 3, 395-406

Abstract: One may wonder about the risk that a large fraction of the global economy fall in a Japanese-style liquidity trap with low growth, mild deflation and monetary policy rates close to zero. This would put the world economy in a ?global liquidity trap?, a situation that has not been analyzed in the recent literature. This article, after reviewing some lessons of the Japanese experience, summarizes the main results of a two-country model of the global liquidity trap, and its implications for macroeconomic policy-making. Classification JEL : E52, E58, F41, F42

JEL-codes: E52 E58 F41 F42 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (5)

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